Marks & Spencer Group (FRA:MA6) ROCE %: 13.13% (As of Mar. 2026)


FRA:MA6 Marks & Spencer Group PLC FRA:MA6
84 GF Score
Price €4.14
GF Value €4.69
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Marks & Spencer Group ROCE %?

Marks & Spencer Group FRA:MA6 +1.97% 84 ROCE % is 13.13% as of Mar. 2026. GuruFocus rates FRA:MA6 with a GF Score™ of 84/100 and a GF Value™ of €4.69 (Modestly Undervalued). The stock has 2 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Marks & Spencer Group's annualized ROCE % for the quarter that ended in Mar. 2026 was 13.13%.

Marks & Spencer Group  (FRA:MA6) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Marks & Spencer Group ROCE % Related Terms

Marks & Spencer Group ROCE % Historical Data

* Premium members only.

The historical data trend for Marks & Spencer Group's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Marks & Spencer Group ROCE % Chart

Marks & Spencer Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.14 9.70 13.69 11.21 8.36

Marks & Spencer Group Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.25 15.74 6.64 3.36 13.13
FRA:MA6
84GF Score
Marks & Spencer Group PLC FRA:MA6
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Marks & Spencer Group ROCE % Calculation

Marks & Spencer Group's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=644.829/( ( (10542.371 - 3319.364) + (11665.736 - 3456.655) )/ 2 )
=644.829/( (7223.007+8209.081)/ 2 )
=644.829/7716.044
=8.36 %

Marks & Spencer Group's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Sep. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Sep. 2025 )(Q: Mar. 2026 )
=1039.846/( ( (11590.769 - 3956.734) + (11665.736 - 3456.655) )/ 2 )
=1039.846/( ( 7634.035 + 8209.081 )/ 2 )
=1039.846/7921.558
=13.13 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2026) EBIT data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 13.13% mean?
Marks & Spencer Group (FRA:MA6) has a ROCE % of 13.13% as of Mar. 2026.
Is Marks & Spencer Group's ROCE % too high?
Marks & Spencer Group's current ROCE % is 13.13%. The Retail - Cyclical industry median ROCE % is 7.58. Marks & Spencer Group's value of 13.13% is 73.2% above this industry median. Overall, Marks & Spencer Group has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Marks & Spencer Group's ROCE % compare to DDS?
Marks & Spencer Group's ROCE % of 13.13% can be compared against companies in the Retail - Cyclical industry. The industry median ROCE % is 7.58. Marks & Spencer Group's value of 13.13% is 73.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Retail - Cyclical company?
The median ROCE % among Retail - Cyclical companies is 7.58, based on 1,117 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Marks & Spencer Group's current ROCE % of 13.13% is 73.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Retail - Cyclical industry, the median ROCE % is 7.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marks & Spencer Group's current ROCE % is 13.13%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marks & Spencer Group stock overvalued right now?
Based on GuruFocus' analysis, Marks & Spencer Group (FRA:MA6) is currently considered Modestly Undervalued. The stock's GF Value™ is €4.69, compared to a current price of €4.14 — trading 11.7% below its estimated fair value. The current ROCE % is 13.13% and 73.2% above the Retail - Cyclical industry median of 7.58. Marks & Spencer Group's overall GF Score™ is 84/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Marks & Spencer Group (FRA:MA6), the current ROCE % is 13.13% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Marks & Spencer Group (FRA:MA6) Overvalued in 2026?

Based on GuruFocus' analysis, Marks & Spencer Group stock appears to be undervalued. The current stock price of €4.14 is trading 11.7% below its estimated GF Value™ of €4.69. GuruFocus considers Marks & Spencer Group to be Modestly Undervalued.

Key valuation signals for FRA:MA6:

  • ROCE %: 13.13%
  • GF Value™: €4.69 vs. price of €4.14 (11.7% below fair value)
  • GF Score™: 84/100 with 2 warning signs
  • Industry Position: 73.2% above the Retail - Cyclical median

No single metric tells the full story. See the FRA:MA6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Marks & Spencer Group Business Description

Address 35 North Wharf Road, Waterside House, London, GBR, W2 1NW
Marks & Spencer is a British multichannel retailer with stores across Europe, Asia, and the Middle East. The majority of revenue stems from the firm's UK operations, selling its own-brand food, clothing, and home merchandise predominantly. The food segment includes value products (dairy, poultry, meat, fresh produce), ready-made meals, and healthy items. The clothing and home division sells women's wear, lingerie, men's wear, kids' wear, beauty, and home products. The remaining revenue comes from international sales, where M&S sells through a mix of its own stores, franchises, and online channels.In 2020, the firm entered into a joint venture, purchasing 50% of grocery e-commerce business Ocado Retail. Ocado is the exclusive online distributor of M&S food within the UK.
84GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€4.14
Price
€4.69
GF Value